Aeroflot Group Passenger Traffic Up 14.5% In March 2017

Aeroflot PJSC (Moscow Exchange ticker: AFLT) today announces operating results for Aeroflot Group (“the Group”) and Aeroflot – Russian Airlines (“the Company”) for March and the first three months of 2017.

3M 2017 OperatingHighlights

In the first three months of 2017, Aeroflot Group carried 10.3 million passengers, up 14.2% year-on-year. Aeroflot airline carried 7.0 million passengers, a year-on-year increase of 12.6%.

Group and Company RPKs increased by 17.0% and 12.0% year-on-year, respectively. ASKs rose by 14.5% year-on-year for Aeroflot Group and by 10.3% for Aeroflot airline.

The passenger load factor increased by 1.6 p.p. year-on-year to 78.0% for the Group and by 1.2 p.p. year-on-year to 77.7% for the Company.

March 2017Operating Highlights

In March 2017, Aeroflot Group carried 3.7 million passengers, up 14.5% year-on-year. Aeroflot airline carried 2.5 million passengers, a year-on-year increase of 11.8%.

Group and Company RPKs increased by 16.7% and 10.8% year-on-year, respectively. ASKs rose by 15.5% year-on-year for Aeroflot Group and by 10.1% for Aeroflot airline.

On domestic routes, Group passengers carried and RPKs grew by 9.5% and 9.7% year-on-year, respectively. ASKs grew by 14.9% year-on-year. Company passengers carried and RPKs on domestic routes were up 8.3% and 4.0% year-on-year, respectively. ASKs grew by 8.1%.

In March 2017, the number of passengers carried on the Group’s international routes increased by 21.7% year-on-year. RPKs increased by 21.6%, while capacity grew by 16.0%. The number of passengers carried by Aeroflot airline on international routes increased by 15.2%. RPKs increased by 14.4%, and ASKs by 11.1%. Growth in the international segment was driven by the stable macroeconomic situation, increased flight frequencies and the launch of flights to new international destinations, as well as the development of Rossiya’s charter programme and of Pobeda’s international route network.

As a result of these factors, the passenger load factor increased by 0.8 p.p. year-on-year to 79.7% for the Group and by 0.5 p.p. year-on-year to 79.5% for the Company.

Fleet Update

In March 2017, the Group added two Boeing 737-800. One Airbus A320 was phased out of the Aeroflot Group fleet and two An-148 were subleased. As of 31 March 2017 the Group had 291 aircraft (excluding one An-24 which was leased out and five An-148 which were subleased).

Aeroflot Airline added two Boeing 737-800. One Airbus A320 was phased out, bringing the total fleet to 191 aircraft as of 31 March 2017.

Aeroflot Group Operating Results

March2017

March2016

Change

3M2017

3M 2016

Change

Passengers carried, thousand PAX

3,651.1

3,187.7

14.5%

10,301.6

9,020.7

14.2%

– international

1,603.5

1,318.1

21.7%

4,577.7

3,715.9

23.2%

– domestic

2,047.6

1,869.6

9.5%

5,723.9

5,304.8

7.9%

Revenue Passenger Kilometres, mln

9,477.1

8,122.6

16.7%

26,933.0

23,024.6

17.0%

– international

5,771.9

4,746.1

21.6%

16,531.0

13,461.3

22.8%

– domestic

3,705.2

3,376.5

9.7%

10,402.0

9,563.3

8.8%

Available Seat Kilometres, mln

11,889.1

10,289.7

15.5%

34,510.7

30,143.1

14.5%

– international

7,165.5

6,178.2

16.0%

20,846.6

18,017.4

15.7%

– domestic

4,723.6

4,111.5

14.9%

13,664.1

12,125.7

12.7%

Passenger load factor, %

79.7%

78.9%

0.8 p.p.

78.0%

76.4%

1.6 p.p.

– international

80.6%

76.8%

3.8 p.p.

79.3%

74.7%

4.6 p.p.

– domestic

78.4%

82.1%

(3.7 p.p.)

76.1%

78.9%

(2.8 p.p.)

Cargo and mail carried, tonnes

23,426.1

14,949.9

56.7%

57,184.6

38,458.9

48.7%

– international

13,463.0

6,950.8

93.7%

32,789.2

18,499.8

77.2%

– domestic

9,963.1

7,999.1

24.6%

24,395.4

19,959.1

22.2%

Revenue Cargo Tonne Kilometres, mln

105.8

64.2

64.8%

258.8

164.9

56.9%

– international

66.7

32.4

105.9%

162.5

86.5

87.9%

– domestic

39.1

31.8

23.0%

96.3

78.4

22.8%

Revenue Tonne Kilometres, mln

958.8

795.2

20.6%

2,682.8

2,237.1

19.9%

– international

586.1

459.6

27.5%

1,650.3

1,298.0

27.1%

– domestic

372.7

335.6

11.1%

1,032.5

939.1

9.9%

Available Tonne Kilometres, mln

1,448.4

1,253.5

15.5%

4,221.0

3,661.5

15.3%

– international

881.6

769.7

14.5%

2,569.6

2,245.4

14.4%

– domestic

566.8

483.8

17.2%

1,651.4

1,416.1

16.6%

Revenue load factor, %

66.2%

63.4%

2.8 p.p.

63.6%

61.1%

2.5 p.p.

– international

66.5%

59.7%

6.8 p.p.

64.2%

57.8%

6.4 p.p.

– domestic

65.8%

69.4%

(3.6 p.p.)

62.5%

66.3%

(3.8 p.p.)

Revenue flights

28,892

25,691

12.5%

82,369

75,670

8.9%

– international

11,779

10,489

12.3%

33,766

30,566

10.5%

– domestic

17,113

15,202

12.6%

48,603

45,104

7.8%

Flight hours for fleet

78,186

69,585

12.4%

224,987

204,895

9.8%

Aeroflot – Russian Airlines Operating Results

March2017

March2016

Change

3M2017

3M 2016

Change

Passengers carried, thousand PAX

2,505.7

2,241.5

11.8%

7,015.3

6,229.4

12.6%

– international

1,313.4

1,140.5

15.2%

3,753.5

3,208.2

17.0%

– domestic

1,192.3

1,101.0

8.3%

3,261.8

3,021.2

8.0%

Revenue Passenger Kilometres, mln

7,116.7

6,422.7

10.8%

20,058.8

17,904.4

12.0%

– international

4,816.9

4,211.8

14.4%

13,759.9

11,791.8

16.7%

– domestic

2,299.8

2,210.9

4.0%

6,298.9

6,112.6

3.0%

Available Seat Kilometres, mln

8,948.6

8,125.0

10.1%

25,805.3

23,403.0

10.3%

– international

6,088.6

5,479.2

11.1%

17,723.3

15,864.6

11.7%

– domestic

2,860.0

2,645.8

8.1%

8,082.0

7,538.4

7.2%

Passenger load factor, %

79.5%

79.0%

0.5 p.p.

77.7%

76.5%

1.2 p.p.

– international

79.1%

76.9%

2.2 p.p.

77.6%

74.3%

3.3 p.p.

– domestic

80.4%

83.6%

(3.2 p.p.)

77.9%

81.1%

(3.2 p.p.)

Cargo and mail carried, tonnes

20,208.7

13,102.8

54.2%

48,830.7

33,614.4

45.3%

– international

13,232.5

6,698.1

97.6%

32,246.7

17,907.8

80.1%

– domestic

6,976.2

6,404.7

8.9%

16,584.0

15,706.6

5.6%

Revenue Cargo Tonne Kilometres, mln

94.0

60.9

54.4%

226.1

156.1

44.8%

– international

65.7

31.9

106.0%

160.2

85.3

87.8%

– domestic

28.3

29.0

(2.4%)

65.9

70.8

(6.9%)

Revenue Tonne Kilometres, mln

734.5

638.9

15.0%

2,031.4

1,767.5

14.9%

– international

499.2

411.0

21.5%

1,398.6

1,146.6

22.0%

– domestic

235.3

227.9

3.2%

632.8

620.9

1.9%

Available Tonne Kilometres, mln

1,109.1

1,014.9

9.3%

3,204.0

2,918.1

9.8%

– international

763.2

687.9

10.9%

2,226.9

1,988.0

12.0%

– domestic

345.9

327.0

5.8%

977.1

930.1

5.1%

Revenue load factor, %

66.2%

63.0%

3.2 p.p.

63.4%

60.6%

2.8 p.p.

– international

65.4%

59.7%

5.7 p.p.

62.8%

57.7%

5.1 p.p.

– domestic

68.0%

69.7%

(1.7 p.p.)

64.8%

66.8%

(2.0 p.p.)

Revenue flights

19,486

17,569

10.9%

55,507

50,942

9.0%

– international

9,736

8,871

9.8%

28,029

25,919

8.1%

– domestic

9,750

8,698

12.1%

27,478

25,023

9.8%

Flight hours for fleet

56,386

51,392

9.7%

162,023

149,346

8.5%

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